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Apr 20, 2013
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as bob pisani said, only about 45% of companies are beat top line. it reflects the sluggish global economy that we have. >> so what is the message of these earnings, and how should investors use that information when they're making their investment decisions? >> well, again, we do think you're going to get a bit of a setback in the market. but longer term the economy is still growing. well would use that as more of a buying opportunity. if you look within the earnings what you're seeing is the company that has more stable earns path like consumer staples are doing okay, where the more cyclical-oriented companies are the ones that seem to be disappointing here. you're paying a pretty steep valuation differential for the stable earnings companies like consumer staples. so we would actually start to look to rotate the other way, thing the economy is going to improve and get into more cyclical areas like technology potentially. >> oh, you would get into technology? you see bargains because they've been so beaten down over the last couple of weeks? >> yea
as bob pisani said, only about 45% of companies are beat top line. it reflects the sluggish global economy that we have. >> so what is the message of these earnings, and how should investors use that information when they're making their investment decisions? >> well, again, we do think you're going to get a bit of a setback in the market. but longer term the economy is still growing. well would use that as more of a buying opportunity. if you look within the earnings what you're...
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Apr 15, 2013
04/13
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i'm bob pisani at the new york stock exchange. >> as bob just mentioned, the price of gold plunged today, recording its second worst loss ever and closing below $1400 an ounce for the time in more than two years. today was the first time ever that the dow and price of spot gold both recorded triple digit losses. why is selloff and what may be next for the precious metal? jackie deangelis has our report. >> another massive selloff in the gold market today, but what's fuelling the fur rouse rotation? several factors are at play including the continued strength in the equity market. gold had lost its luster, but gold is also an inflation hedge and as long as the fed continues with its stimulus program, investors believe inflation is likely to remain in check. >> people thought the price of gold was a good hedge against stock market moves and forgot that the price of gold really is an inflationary hedge and then you buy gold to preserve purchasing power. while we're not seeing the signs of inflation because commodity prices have not risen. interest rates have remained low, so the cost of com
i'm bob pisani at the new york stock exchange. >> as bob just mentioned, the price of gold plunged today, recording its second worst loss ever and closing below $1400 an ounce for the time in more than two years. today was the first time ever that the dow and price of spot gold both recorded triple digit losses. why is selloff and what may be next for the precious metal? jackie deangelis has our report. >> another massive selloff in the gold market today, but what's fuelling the fur...
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Apr 26, 2013
04/13
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bob pisani shows us how, right now. bob? >> hi, maria. hey, guys, you worried about the prospect for rising rates? i know, it's not an issue this week, but it may be some time in the near future. and for everyone who's still holding those old-school bond etfs stuffed with treasuries, there's alternatives. there's etfs. one of the big winners has been from power shares, the senior loan portfolio, the symbol is bkln. it's attracted a lot of interest in assets and the reason is because it's designed to protect against rising interest rates.ç that's because this etf tracks an index of the 100 largest institutional leveraged loans. these are loans by companies like tribune and clear channel, chrysler, del monte. but these are floating rate loans. the rate adjusts over 30 to 90 days, so when the rates go up, their rates adjust upwards. think of it like an adjustable rate mortgage for bank loans. here's the catch, most are high-yield loans, which is good news, because most you get these juicy loans. they pay more yield because the companies ar
bob pisani shows us how, right now. bob? >> hi, maria. hey, guys, you worried about the prospect for rising rates? i know, it's not an issue this week, but it may be some time in the near future. and for everyone who's still holding those old-school bond etfs stuffed with treasuries, there's alternatives. there's etfs. one of the big winners has been from power shares, the senior loan portfolio, the symbol is bkln. it's attracted a lot of interest in assets and the reason is because it's...
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Apr 23, 2013
04/13
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bob pisani in the middle of the action. there's the nasdaq up 30 points with technology seeing the same chart pattern and the s&p 500 at the same exact time. >> gold did the same thing. the currencies did the same thing, oil did the same thing. >> huge market reactions across the board. let's get to bob pisani in the middle of the action. over to you, bob. >> 140 points in one minute, it was wild on the floor. but we're right back to where we were prior to that 107 move to the downside. it's been a good day and a good day because of earnings. they were fine. here's the big story. big multi-national companies, your united techs all came out and affirmed their 2013 guidance. a couple noted their earnings will be a little light. they're expected to make it up in the second half of the year. that was good enough for most of these companies and for the overall market. take a look at airlines. good earnings, great earnings reported from delta. good one from u.s. air. delta said the magic words. we're well positioned to generate s
bob pisani in the middle of the action. there's the nasdaq up 30 points with technology seeing the same chart pattern and the s&p 500 at the same exact time. >> gold did the same thing. the currencies did the same thing, oil did the same thing. >> huge market reactions across the board. let's get to bob pisani in the middle of the action. over to you, bob. >> 140 points in one minute, it was wild on the floor. but we're right back to where we were prior to that 107 move to...
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Apr 23, 2013
04/13
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here's bob pisani with the earnings scorecard. >> it was a good day for earnings, and most importantly, big, multinational industrial companies like united technologies, ingersoll-rand and illinois toolworks affirm their 2013 earnings guidance and if there were significant signs of an ongoing global spot of it. it may be a little bit below expectations, but we expectest mo of the way through. here's the good news. almost 70% of the company's reporting have been reporting expectations. the only 42% are beating on the top line, on revenues and that's way below the 62%. this has been a problem for several quarters and it means the companies are able to do well on earnings because they become cost-cutting monsters not because they're increasing their revenues and of course, it's good for companies to become more cost efficient, but the lack of revenues and adding to the employment problem. companies are reluctant to hire more people when they're not able to sell anymore. for "nightly business report," i'm bob pisani at the new york stock exchange. >> here now to talk more about those first
here's bob pisani with the earnings scorecard. >> it was a good day for earnings, and most importantly, big, multinational industrial companies like united technologies, ingersoll-rand and illinois toolworks affirm their 2013 earnings guidance and if there were significant signs of an ongoing global spot of it. it may be a little bit below expectations, but we expectest mo of the way through. here's the good news. almost 70% of the company's reporting have been reporting expectations. the...
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Apr 17, 2013
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bob pisani has the details. bob? >> well, importantly thing here is it started off very ugly, michelle. take a look at dow jones industrial average. ugly right from the start. we were down as much as 193 points at the worst part. in the middle of the day, we kind of came off of our lows and most of the traders attribute that to news that progress was being made on the boston marathon case, as you heard there from scott. there's the dow industrials, for one month. here's the problem that everybody's got down here. we were in an up trend in the stock market, all throughout the year, until monday. and now we have had two days, bad news, 90% of the volume on the downside monday, and 90% of the volume on the downside today, selling. now, this may be the start of a trend reversal. that means instead of an up trend, the market's not in an up trend anymore. these kind of internal indicators is what people look for. that's what people are lacking for. your big base metals, copper, aluminum, nickel, are essentially at 52-week
bob pisani has the details. bob? >> well, importantly thing here is it started off very ugly, michelle. take a look at dow jones industrial average. ugly right from the start. we were down as much as 193 points at the worst part. in the middle of the day, we kind of came off of our lows and most of the traders attribute that to news that progress was being made on the boston marathon case, as you heard there from scott. there's the dow industrials, for one month. here's the problem that...
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Apr 30, 2013
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let's get you over to bob pisani, who's recapping the month that was. bob? >> i just want to reiterate again, the s&p did finally, right at the close, hit an historic intraday high, 1597.37. put up the s&p 500, and we can finally make it into that record territory on intraday basis. for the month of april, we were in positive territory. however, i do want to point out that it was a very defensive month overall. put up the major sectors here. the dow industrials, major indices. the dow industrials did end up on the positive side. however, the transportation index, the cyclical index, the russell 2,000 all ended to the downside. this was a very defensive rally that we saw, although there were points where cyclical stocks did a little bit better. take a look at the sectors, the major sectors, the s&p 500, the three strongest sectors on the month, all were defensive groups. telecom, utilities, consumer staples. the three weakest sectors were all cyclical names, materials, industrials, and energy. that's all what i'm talking about. let me move on here. we're 60%
let's get you over to bob pisani, who's recapping the month that was. bob? >> i just want to reiterate again, the s&p did finally, right at the close, hit an historic intraday high, 1597.37. put up the s&p 500, and we can finally make it into that record territory on intraday basis. for the month of april, we were in positive territory. however, i do want to point out that it was a very defensive month overall. put up the major sectors here. the dow industrials, major indices. the...
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Apr 16, 2013
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and bob pisani, are you going to show this chart? here it is. >> there it is. >> this is typically what's been happening lately in the last hour -- i mean, this is for the whole day, what the typical hour looks like of the s&p 500. and look at the last hour. that's when you'll see a lot of buying come in these days. that's when people are willing to commit to this market, after they've seen how it trades during the day, bob. >> yeah. and the important thing is, what this chart is showing is that there are bigger price swings to the upside in the last half hour than the rest of the day. now, this intuitively makes some sense if you know that the market's had an incredible year. we've been up almost every day of the year. we're up 10% in the year. so when you have this kind of momentum going into the close and you're up most days of the year, the momentum guys stay with the market. and they basically stay long. so i can assure you, this chart would look differently, bill, if we were down 10% on the s&p 500 this year. you wouldn't see t
and bob pisani, are you going to show this chart? here it is. >> there it is. >> this is typically what's been happening lately in the last hour -- i mean, this is for the whole day, what the typical hour looks like of the s&p 500. and look at the last hour. that's when you'll see a lot of buying come in these days. that's when people are willing to commit to this market, after they've seen how it trades during the day, bob. >> yeah. and the important thing is, what this...
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Apr 25, 2013
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but first, let's get to bob pisani with this volatile day.
but first, let's get to bob pisani with this volatile day.
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Apr 15, 2013
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bill and i now joined by bob pisani and art cashin. bob, i know you've been making calls to trading desks and also the exchange to find out security. art, give us your sense of what happened when this first broke and the impact to the market. >> okay. as you know, maria, the rumor was down here on the floor before it ever hit the news wires. probably came from tweeting and blogging. maybe some people were actually at the race. it had a minor effect. the market began to come in a little bit. when we found out it was two explosions, people began to worry about was that terrorism? more than one event, that's when the markets came in the most. subsequently, there was speculation or rumor that at least one of the explosions may have come from a garbage can. that didn't sound terribly sophisticated. that might be a revenge kind of thing preside thing. the market came back. >> we're now back at the lows, near the lows. >> we have about 600 million for sale. $600 million worth for sale on the bell. that's putting some pressure on. >> mary -- >
bill and i now joined by bob pisani and art cashin. bob, i know you've been making calls to trading desks and also the exchange to find out security. art, give us your sense of what happened when this first broke and the impact to the market. >> okay. as you know, maria, the rumor was down here on the floor before it ever hit the news wires. probably came from tweeting and blogging. maybe some people were actually at the race. it had a minor effect. the market began to come in a little...
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Apr 23, 2013
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nonetheless, bob pisani, the market reacted,ened it was quite scary how quickly. surely humans can't affect the market that quickly. to what degree was it the computers kicking in here? >> very much the computers here. let me show you how fast it happened. it was about 1:07, mandy when we had the first word of the twitter account. down here on the floor, i can tell you the market moved faster than the traders themselves could react. i was stander here. people said, what happened? and we started looking for the sources. about 140 points in the dow. it occurred in less than two minutes. look at the s&p futures. and you can see the drop down, pretty similar overall. people wonder, how do you get a market to react in 20 or 30 seconds, you get a drop of 140 points. the programs have different ways to work. one it on keyword recognition, when you hear or see the word explosion and white house at the same time, you sell. the other is trend following programs. when the market is moving down very, very rapidly, you keep selling into it, then when you sense a bottom, you bu
nonetheless, bob pisani, the market reacted,ened it was quite scary how quickly. surely humans can't affect the market that quickly. to what degree was it the computers kicking in here? >> very much the computers here. let me show you how fast it happened. it was about 1:07, mandy when we had the first word of the twitter account. down here on the floor, i can tell you the market moved faster than the traders themselves could react. i was stander here. people said, what happened? and we...
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Apr 2, 2013
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joining us is jane wells and bob pisani. first up, a federal bankruptcy judge has ruled that stockton, california, is eligible for court protection from its creditors. in today's yahoo finance question we asked -- 61% say yes, if they need the cuts to recover. 39% say, no, it's not fair to the pensioners. jane, since it's in your neck of the woods, what do you think? this has big ramifications out there. >> unfortunately under state law, calpers is not a creditor. so it will being if -- my feeling is if -- this should at least by on the table in the public sector. united,. y brother-in-law who >> it's an interesting question. where do people figure in, so should pensioners be protected against, for example, bondholders? we had this in europe, dealing with deposit holders. i think it's illegal in many states, jane, right? to cut pensions. i think that's an interesting legal question. >> and vallejo got through bankruptcy without doing it, but san bernardino is in bankruptcy court with a plan to cut the calpers. >>> "new york
joining us is jane wells and bob pisani. first up, a federal bankruptcy judge has ruled that stockton, california, is eligible for court protection from its creditors. in today's yahoo finance question we asked -- 61% say yes, if they need the cuts to recover. 39% say, no, it's not fair to the pensioners. jane, since it's in your neck of the woods, what do you think? this has big ramifications out there. >> unfortunately under state law, calpers is not a creditor. so it will being if --...
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Apr 8, 2013
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bob pisani. we were just trying to do the math here. friday, think about this. after the unemployment number came out, the dow was down 170 points at one time. we came back 130 of those points. and now we're up another 26 points. >> that's what everybody's talking about. staring at this thing saying, huh? the s&p -- i watch the s&p. was 1540 friday morning. now we're at 1560. what are we up? 1.5% since the worst jobs report anybody has had in virtually years. i get the e maims. it's all about the fed. the fed is backstoppi inping everything. the s&p is up 100% since the bottom in 2009. earnings are up 100% as well. people don't want to discuss that. they want to say the fed is behind everything. >> things are getting better. earnings are hardly tearing things up. expectations keep coming down, as we were just pointing out, with alcoa, for example. they were looking for 13 cents a few weeks ago. then came all the way down to 8 cents. >> this is as old as cell site analysts. we were expecting earnings to be up more than almost 6% at one point. now it's down to jus
bob pisani. we were just trying to do the math here. friday, think about this. after the unemployment number came out, the dow was down 170 points at one time. we came back 130 of those points. and now we're up another 26 points. >> that's what everybody's talking about. staring at this thing saying, huh? the s&p -- i watch the s&p. was 1540 friday morning. now we're at 1560. what are we up? 1.5% since the worst jobs report anybody has had in virtually years. i get the e maims....
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Apr 3, 2013
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i thought bob pisani did a good job of pointing that out. but after the 10:00 weaker service sector nonmanufacturing ism, the markets were already well developed into the current patterns they have. if you look at a ten-year, you can clearly see that. just think about it this way. i know that you're never going to find a stock guy who's really going to go on and say, listen, get out of everything, and run off camera,. it just doesn't happen. but for 2013, we're not going to have a lower closing yield on tens the than we are right now, even though the last day of last year was a 176 yield and we were closed on the first of january. and i think that's very important. also, it's very important, three central banks tomorrow, and if you look at every one of their currencies against the dollar, the euro, the pound, the yen, they're all doing better, doesn't make sense unless you think about it in the context of how much trading those currency as has already incurred with very little strategic changes. i don't think the ecb's going to actually cut.
i thought bob pisani did a good job of pointing that out. but after the 10:00 weaker service sector nonmanufacturing ism, the markets were already well developed into the current patterns they have. if you look at a ten-year, you can clearly see that. just think about it this way. i know that you're never going to find a stock guy who's really going to go on and say, listen, get out of everything, and run off camera,. it just doesn't happen. but for 2013, we're not going to have a lower closing...
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Apr 24, 2013
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jeff cox, bob pisani face off on the issue, next. stay with us. ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ transit fares! as in the 37 billion transit fares we help collect each year. no? oh, right. you're thinking of the 1.6 million daily customer care interactions xerox handles. or the 900 million health insurance claims we process. so, it's no surprise to you that companies depend on today's xerox for services that simplify how work gets done. which is...pretty much what we've always stood for. with xerox, you're ready for real business. >>> welcome back. we want to get back to the ongoing debate of man versus machine in the market. yesterday's fake tweet from the associated press account, just putting the issue front and center once again. is this just a twitter issue or does this say more about the structu
jeff cox, bob pisani face off on the issue, next. stay with us. ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ transit fares! as in the 37 billion transit fares we help collect each year. no? oh, right. you're thinking of the 1.6 million daily customer care interactions xerox...
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Apr 29, 2013
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more on the day so far with bob pisani. just continues to move higher, bob. >> yeah. 1594. we're there. let's take a look at the s&p 500. if we close here this would be a new historic high. we were at a historic high on april 11. this was not as important as the old april 11 historic high. still nice to see. some of the cyclical names that have had a tough time in a good part of april are leading the mark. tech, materials, energy and financial. i do want to point out global growth has been anemic. the u.s. economic numbers have not been great in march. that's put a lot of pressure on these cyclical companies. look at some of the major sectors for april. we're closing out april in the next couple of days. i want to point out utilities, telecom stocks, health care. those kinds of stocks have done a lot better than all of the cyclical names that are out there. there's utility, telecom, health care. outperforming cyclicals like industrials and energy. you had the ceo of ingersoll rand. eaton reported this morning. the big problem is the same all these companies are having. beat
more on the day so far with bob pisani. just continues to move higher, bob. >> yeah. 1594. we're there. let's take a look at the s&p 500. if we close here this would be a new historic high. we were at a historic high on april 11. this was not as important as the old april 11 historic high. still nice to see. some of the cyclical names that have had a tough time in a good part of april are leading the mark. tech, materials, energy and financial. i do want to point out global growth has...
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Apr 22, 2013
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bob pisani? >> the multiindustry companies, we heard from ge last week, textron. these guys make a lot of stuff all over the world. >> ibm. >> tomorrow illinois tool works. united technology. ingersor ingersoll rand. some of these companies might disappoint and say, listen, the global economy is a little on the slow side. we saw ge down today. >> ibm was the loser. down 8% in one day. bob, what's kboing going on, th? is it the slowdown in the global economy? >> yeah. that's why you want to watch these multi industry companies. it's nerdy to talk about ingersoll rand. but they make the stuff out there behind the walls. they make all the things that keep these buildings going and systems operating. when they talk about things slowing, we don't know if they're going to, but we've heard about slowdowns globally. that's where you're going to see it first. >> ingersoll rand is also going to sidestep on the housing recovery. that could be a positive. >> a little bit. you're going to tear them talking about where things are overseas. what's good about these companies, a l
bob pisani? >> the multiindustry companies, we heard from ge last week, textron. these guys make a lot of stuff all over the world. >> ibm. >> tomorrow illinois tool works. united technology. ingersor ingersoll rand. some of these companies might disappoint and say, listen, the global economy is a little on the slow side. we saw ge down today. >> ibm was the loser. down 8% in one day. bob, what's kboing going on, th? is it the slowdown in the global economy? >>...
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Apr 4, 2013
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so what's behind all the turbulence here, bob pisani? >> we've got a nice battle. we've got the reflation trade going in japan and we've got weak economic data and they're trying to figure the whole thing out. you saw the japanese stocks, what was going on here today. all the big names, honda, mitsubishi, they're all up about 6%. good for them. and we're near new highs in the market for japan. but in the united states, we've had a very disappointing jobs report this morning. that dropped the futures and it's been kind of lackluster today. we've had a lousy week for cyclical names, the big global names, your material stocks, your energy stocks. put up the board of sectors today, and there's still not much energy here. this isn't particularly illuminating or helpful to us, thank you very much. so we're trying to figure out who's going to be winning. as far as i can tell, the weak economic news seems to be predominating here. mario draghi from the ecb, he talked and said the risks are to the downside now. that there's still economic weakness, and you can see what that
so what's behind all the turbulence here, bob pisani? >> we've got a nice battle. we've got the reflation trade going in japan and we've got weak economic data and they're trying to figure the whole thing out. you saw the japanese stocks, what was going on here today. all the big names, honda, mitsubishi, they're all up about 6%. good for them. and we're near new highs in the market for japan. but in the united states, we've had a very disappointing jobs report this morning. that dropped...
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Apr 3, 2013
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bob pisani now with a recap. over to you, bob. >> let me break it down for you. put up the full screen. three major events today starting out with a weak adp. then in the middle of the day, u.s. defense secretary came out and said he was moving u.s. missiles to guam on threats from north korea. and finally, john williams, san francisco fed president, a nonvoting member of the foc said the fed may end purchases in 2013. that raised a few eyebrows down here. look at my chart intraday, the dow jones industrial average. first, the market weak all throughout the morning on those global growth concerns. the weaker adp number. then in the middle of the day, you see the defense number moving down. then concerns on the -- mr. williams, the fed secretary, the fmoc member, talking about concerns about ending the purchases of mortgages. let's go on and show you about the global growth concerns we've got here. number one, copper, aluminum, and iron ore stocks. there's one, two, and three on the show of what's gone wrong here. eight-month lows in all. stocks like hp and billti
bob pisani now with a recap. over to you, bob. >> let me break it down for you. put up the full screen. three major events today starting out with a weak adp. then in the middle of the day, u.s. defense secretary came out and said he was moving u.s. missiles to guam on threats from north korea. and finally, john williams, san francisco fed president, a nonvoting member of the foc said the fed may end purchases in 2013. that raised a few eyebrows down here. look at my chart intraday, the...
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Apr 16, 2013
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let's get over to chicago, rick, can we confirm across asset classes this optimism that bob pisani sees from stocks? i guess there are things going on that would be positive. sometimes it accident. leverage in positions are nasty things. if you look as a two-day start of rates, they're reversing a bit. opening the chart up to decent, you can see we're still lower than we closed last year. no different yesterday, three and six-month after the gold started to give up ground, we see more interest in t-bills. dollar index, i heard larry's piece on gold, fascinating, but it hasn't help the greenback. greenback is at a 5 1/2 week low, certainly it's patterned the mirror image of the european currencies. it looks like it will be in for a bumpy ride. >>> what's the market moen doing following a recent sell jo of? we welcome back david bailen at citi private bank. good to see you again, david. >> thanks for having me back. >> it wasn't just the gold market as we mentioned, but a broad swath of commodities that got hit hard last week, but let's focus on the gold mark. you think a lot of the big h
let's get over to chicago, rick, can we confirm across asset classes this optimism that bob pisani sees from stocks? i guess there are things going on that would be positive. sometimes it accident. leverage in positions are nasty things. if you look as a two-day start of rates, they're reversing a bit. opening the chart up to decent, you can see we're still lower than we closed last year. no different yesterday, three and six-month after the gold started to give up ground, we see more interest...
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Apr 18, 2013
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and as bob pisani was saying earlier on today, that actually we've been in a situation where we've seen volume being heavier on negative days. you can see there that the s&p is off by nearly 1%. the nasdaq down by 1.4. >> nokia, getting whacked today, despite reporting sales of o its smartphone, lumia, picking up. this is a company that's had a lot of problems. let's brings in rbc analyst, mark su. mark, that is a stock down 90% over the past ten years or so. steven elove is there, made this deal with his old company. i've used the lumia phones, they're kind of neat-looking, but are people actually buying this phone? >> i think in isolation, the phone is actually not that bad, but it's a sea of a very competitive environment. if you look at if ever there's a market that's competitive, it's the smartphone industry. what we're finding is the industry is actually quite healthy, the numbers are still pretty strong, but all of the handset vendors are having quite a bit of tough time at the moment, because the competition is increasing and we think the profits for everyone is actually decreas
and as bob pisani was saying earlier on today, that actually we've been in a situation where we've seen volume being heavier on negative days. you can see there that the s&p is off by nearly 1%. the nasdaq down by 1.4. >> nokia, getting whacked today, despite reporting sales of o its smartphone, lumia, picking up. this is a company that's had a lot of problems. let's brings in rbc analyst, mark su. mark, that is a stock down 90% over the past ten years or so. steven elove is there,...
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Apr 4, 2013
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bob pisani, we are not soaring and we are also not collapsing. blah blah blah. why are we holding up and shrugging it off so well. >> so the world backstopping everything. saying he will continue to support any government and any bank that needs help. take a look at what's going on here. here's the problem. we have got the trade in japan but it's competing against weak economic data. stocks dropped when we got the disappointing jobs. we have got the adb. the whole string of disappointing economic numbers this week. then offall. hoping for some kind of bounce here. these have had a terrible week or two weeks but nothing is really happening here. this doesn't tell us much right now on the stock market. and you want to see how defensive the market has gotten? one of the hottest etfs is the power share. it's consumer stocks and util y utilities. you can buy it as a singing stock. here is this. people are piling into low volatility names because that's what has been working. you want to have better names. you get defensive names like this, it tells you something. >>
bob pisani, we are not soaring and we are also not collapsing. blah blah blah. why are we holding up and shrugging it off so well. >> so the world backstopping everything. saying he will continue to support any government and any bank that needs help. take a look at what's going on here. here's the problem. we have got the trade in japan but it's competing against weak economic data. stocks dropped when we got the disappointing jobs. we have got the adb. the whole string of disappointing...
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Apr 3, 2013
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but as bob pisani showed you, look at the heat map. you have got merk, boeing, united health care and the four stocks that are up. merk and united health care see defensive names. but boeing and utx, these are both in their own way, defense companies. look at utx. got some defense plays. maybe we need to look at others as well. those stocks are higher. up next, omg, sec. regulators say it's totally okay to make market moving material announcements on social media. good idea or rotfl disaster ris sults. we will tell you what it is when street signs returns. cook what , and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. it's just common sense. we replaced people with a machine.r, what? customers
but as bob pisani showed you, look at the heat map. you have got merk, boeing, united health care and the four stocks that are up. merk and united health care see defensive names. but boeing and utx, these are both in their own way, defense companies. look at utx. got some defense plays. maybe we need to look at others as well. those stocks are higher. up next, omg, sec. regulators say it's totally okay to make market moving material announcements on social media. good idea or rotfl disaster...
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Apr 15, 2013
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good heavens, if that's not a victory for the bulls, i don't know what it is. >> bob pisani. as bob said, gold extending the plunge in the bear market territory. metals had a barbaric trade for some. berkshire hathaway had choice words for gold just last year. >> so why people don't buy gold, they invest in other businesses. >> otherwise people don't gold. joining us this morning, frank holmes, whether civilized people should be buying gold here on the dip. frank, welcome back. >> i know a lot of civilized people buy gold. talking about india. i think what we're looking at is a price decline is very substantial in a short period of time and this has happened less than 1% of the time. the odds favor some type of capitulation. what's important, carl, is that europeans, the slowdown in europe has i pacted china because china sells more to europe than they do america. that data that came out today i'm showing the quarterly numbers of gdp slowed down in china and, in particular, incomes. gdp per snk growth, love trade. that's a factor that one has to consider. and the other one wa
good heavens, if that's not a victory for the bulls, i don't know what it is. >> bob pisani. as bob said, gold extending the plunge in the bear market territory. metals had a barbaric trade for some. berkshire hathaway had choice words for gold just last year. >> so why people don't buy gold, they invest in other businesses. >> otherwise people don't gold. joining us this morning, frank holmes, whether civilized people should be buying gold here on the dip. frank, welcome...
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Apr 18, 2013
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let's bring in bob pisani. we've had a lot of initial offerings recently. >> david ethridge runts whole ipo business at the new york stock exchange. we've had an up trend in the stock market at least until monday. is the ipo business in an up trend? >> i'd say the ipo business is in really good shape. good funds flows coming into the market to start the year and pricings have gone extremely well. we had a little indigestion last night but ipos have been around 8%, 9% so the asset class looks good. >> we had three ipos that opened below expectations. just a lousy market this week or what happened? >> no. i think those things will impact the market. the sentiment has not been strong this week. that's sort of bad luck in terms of timing. last year we had things like the fiscal cliff, the election, those bigger issues impacting the market. we haven't had that this year so we've seen a lot of pricings go in the middle or above the range and trade extremely well. all these deals this morning are still trading well po
let's bring in bob pisani. we've had a lot of initial offerings recently. >> david ethridge runts whole ipo business at the new york stock exchange. we've had an up trend in the stock market at least until monday. is the ipo business in an up trend? >> i'd say the ipo business is in really good shape. good funds flows coming into the market to start the year and pricings have gone extremely well. we had a little indigestion last night but ipos have been around 8%, 9% so the asset...
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Apr 4, 2013
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thanks bob. bob pisani. let's get to rick santelli. as we promised, a very special guest to talk monetary policy. there's no better day to do it than today. >> i'm going to read something that he said of the bank of japan, of course, surprised the market by being way more aggressive than many anticipated. he said it puts us deeper in ununprecedented and highly experimental territory. i call him the answer man. welcome, mohammed. >> thank you, rick. >> all right. those were your words. us your thoughts. you're always a straight shooter. i get a bit nervous when i think the chances of this turning out well, with all the central bank activity, i think getting hit by a meteor is a smaller percentage in terms of this working out than the fed. do you agree? disagree. >> i think you're right to be nervous. this is the most experimental that we have ever seen central banking. they are venturing deeper and deeper, using imperfect tools and not getting the numbers they expect. the numbers are disappointing on the economic side. rather than step
thanks bob. bob pisani. let's get to rick santelli. as we promised, a very special guest to talk monetary policy. there's no better day to do it than today. >> i'm going to read something that he said of the bank of japan, of course, surprised the market by being way more aggressive than many anticipated. he said it puts us deeper in ununprecedented and highly experimental territory. i call him the answer man. welcome, mohammed. >> thank you, rick. >> all right. those were...
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Apr 5, 2013
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. >> the dow is down 153 at the open and bob pisani is on the floor. good morning, bob. >> this is the end of qe talk and this is exactly what a lot of the guys on the fed were talking about earlier. they were worried that the economy would pick up some steam and then it would just sort of droop and hit some kind of patch, hopefully just a soft patch and that's what a lot of people were talking about. we have the ism services, adp and initial claims and now the non-farm payroll number's weaker than expected. the question is is this just a breather? that's what everyone is talking about here and is this some protracted downturn that's going to occur here and a lot of people and my sense is, too, that this is a breather and look at what we've had in housing and look what we've had in autos and capital spending that we've seen that's been occurring. if you look at this march data that we talked about this week and the litany of crumby economic data, you think, my heavens we'll do 1.5% gdp for 2013, the whole year and we should be careful on extracting dur
. >> the dow is down 153 at the open and bob pisani is on the floor. good morning, bob. >> this is the end of qe talk and this is exactly what a lot of the guys on the fed were talking about earlier. they were worried that the economy would pick up some steam and then it would just sort of droop and hit some kind of patch, hopefully just a soft patch and that's what a lot of people were talking about. we have the ism services, adp and initial claims and now the non-farm payroll...
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Apr 23, 2013
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bob pisani and art cashing, director of floor operation joins me, and the reason i point out the russell is it's the broader-based index, which bodes well i think for the bulls today. >> it's big. it's been a real drag. the russell which has a lot of smaller caps built in also had kind of trailed. people used that divergence to say maybe things aren't right. the fact we're all plays together, particularly the russell -- >> playing nicely in the sandbox, bob. >> it's a great relief. the earnings turned out well. last week we saw ge and tech tron, a bit of disappointment there, and the big names there. >> and upgrade for cat. all of them xwaet on the bottom line. top line still a little light. still that issue of not enough top line growth. >> it would put pressure on manage a bit. let's see how creative they can be. >> what are you watching on the highsen that might roil this market? have we gotten past that correction mode or a bit of correction mode that we were getting earlier last week? >> you know, on the cocktail napkins, it looks like once you're above 1555, the bulls are back in c
bob pisani and art cashing, director of floor operation joins me, and the reason i point out the russell is it's the broader-based index, which bodes well i think for the bulls today. >> it's big. it's been a real drag. the russell which has a lot of smaller caps built in also had kind of trailed. people used that divergence to say maybe things aren't right. the fact we're all plays together, particularly the russell -- >> playing nicely in the sandbox, bob. >> it's a great...
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Apr 30, 2013
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let's bring in bob pisani and kenny polchari. you are on. indeed you are. kenny, i'm going to start with you. is there any compelling reason when the different yield on apple is where it is to buy an i-bond? >> i don't think so. i think he made the good point. if you're the average investor, then you're probably going to play on the ecity side of it. i think the average investor will stick with the equity. >> the important thing is apple finally has a hit on its hands. that's what i think. hallelujah! sorry. bring you back to your normal programming. the big thing here is. >> did you have redbull before the show or something? >> everyone is so excited, you would think we have a new iphone. >> you see what i have to work with? just teasing. >> i think the big thing is -- if the business is really going to start improving, as tim cook implies, that they'll have a lot of new products, it's a duh issue, the guy is right. why buy an i-bond at this point. >> but the demand 3.3. if it's right in the midpoint of what everybody is thinking about, that's fantastic if
let's bring in bob pisani and kenny polchari. you are on. indeed you are. kenny, i'm going to start with you. is there any compelling reason when the different yield on apple is where it is to buy an i-bond? >> i don't think so. i think he made the good point. if you're the average investor, then you're probably going to play on the ecity side of it. i think the average investor will stick with the equity. >> the important thing is apple finally has a hit on its hands. that's what i...
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Apr 25, 2013
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but first, let's get to bob pisani with this volatile day. over to you, bob. >> well, the important thing, maria, at one point, we were one point away from a closing historic high, but we drifted south. just put up the s&p 500. let's take a look. 2:00 is when the market on close orders started coming in. those are orders for the close and whether they want to buy and sell. it drifted toward the sell side in the middle of the day, about 3:00. and i think that was the major issue. exact reasons, not clear. but the bottom line is, more of a sell side than the buy side. in terms of what we were moving today, sectors, the same story all week. risk on. so you have all of the cyclical names, the materials, the consumer discretionary, financial industrials all leading this week. the s&p is up about 2%. consumer stocks, defensive names are now lagging after several weeks of leadership. two sectors of the economy of the united states couldn't to shine. home builders and aerospace. home building stocks continuing to report very good earnings overall. al
but first, let's get to bob pisani with this volatile day. over to you, bob. >> well, the important thing, maria, at one point, we were one point away from a closing historic high, but we drifted south. just put up the s&p 500. let's take a look. 2:00 is when the market on close orders started coming in. those are orders for the close and whether they want to buy and sell. it drifted toward the sell side in the middle of the day, about 3:00. and i think that was the major issue. exact...
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Apr 30, 2013
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i'd like to get to bob pisani. i think this is the largest non-bank bond sale. >> and made it just by $500 million, the biggest dormant ave the list, that's what we do here. pfizer had one a while ago, and ge capital, but there's your record right now, what's it mean for the corporate bond market? i'll tell you the most important thing. there's not a lot of tech corporate bond offerings, even in general, so it will change the allocation model on a lot of corporate bond funds, and etfs, one that will be buys is the largest corporate bond etf, the i shares of etfs out there. maybe 23 billion in assets. they're going to be big buyers along with other index bond etfs. it's pretty important. that's pretty good for corporate bounds overall. meantime, just quickly on the stock market, kind of meandering around, when you haveelecom and technology as market leaders sort of in the same group, that's not a clear trend here. consumer staples and materials both to the down side. nonetheless, relentless move to the up side. we a
i'd like to get to bob pisani. i think this is the largest non-bank bond sale. >> and made it just by $500 million, the biggest dormant ave the list, that's what we do here. pfizer had one a while ago, and ge capital, but there's your record right now, what's it mean for the corporate bond market? i'll tell you the most important thing. there's not a lot of tech corporate bond offerings, even in general, so it will change the allocation model on a lot of corporate bond funds, and etfs,...
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Apr 10, 2013
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bob pisani in the middle of the action right now with some answers. over to you, bob. >> it's three days of a remarkable rally, really before the bottom at 931 on friday on that lousy jobs report. take a look at the s&p 500. we essentially gapped up right at the open five or six points, a little bit unusual. a lot of buying right at the open. and what did it, we believe traders are the unanimous, it's the foc minutes. here's a key phrase. they said, any decision to reduce the pace of purchases should reflect both an improvement in their overall outlook for labor market conditions and their confidence in the sustainability of that improvement. what does this mean? it means the crumby jobs report on friday, traders now believe the fed is not confident that there's a sustained improvement in jobs, meaning they're going to continue buying for the foreseeable future. at least the majority do. take a look at the sectors today. i talk about a broad rally. what does that mean? well, when you see health care and technologies and financial and consumer discreti
bob pisani in the middle of the action right now with some answers. over to you, bob. >> it's three days of a remarkable rally, really before the bottom at 931 on friday on that lousy jobs report. take a look at the s&p 500. we essentially gapped up right at the open five or six points, a little bit unusual. a lot of buying right at the open. and what did it, we believe traders are the unanimous, it's the foc minutes. here's a key phrase. they said, any decision to reduce the pace of...
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Apr 2, 2013
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we're here with bob pisani now to talk about this. we know that the fed is driving everything, bob, but no concern whatsoever about what's happening in north korea. >> and when i talk to the trading community, i hear what we've been hearing for a long time. there's been so much bluster from the north koreans for so many years, that it hasn't amounted to much, why should it now? and put up the south korean stock market. you can so the proof in this, this is three months, no movement at all. but even the south koreans aren't that worried. here's what worries me a little bit. the whole nuclear doctrine we use, mutually assured destruction, is based on the idea that the other side is rational. that if they do missile tests, we send in nuclear capable jets to do exercises with the south koreans. but we don't know anything about this new guy, this kim jong-un fellow. he's 30 years old. we don't know if he's in charge of the country or not. and the concern that some people have is there could be a miscalculation on their side. >> there could
we're here with bob pisani now to talk about this. we know that the fed is driving everything, bob, but no concern whatsoever about what's happening in north korea. >> and when i talk to the trading community, i hear what we've been hearing for a long time. there's been so much bluster from the north koreans for so many years, that it hasn't amounted to much, why should it now? and put up the south korean stock market. you can so the proof in this, this is three months, no movement at...
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Apr 16, 2013
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bob pisani has more from the floor of the new york stock exchange. >> it was an ugly day for stocks. down on concern about slower global growth. but an ugly day for the markets got uglier just before 3:00 eastern time when word come of two explosions at the boston marathon. the dow, already down 165,
bob pisani has more from the floor of the new york stock exchange. >> it was an ugly day for stocks. down on concern about slower global growth. but an ugly day for the markets got uglier just before 3:00 eastern time when word come of two explosions at the boston marathon. the dow, already down 165,
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Apr 1, 2013
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bob pisani recapping the down day today on wall treat. i don't even know if i want to call it a down day, bob. this dow industrial won't quit. all the way back to flat by the close. >> i'll tell you why i call it a town day. the dow masked what was going on today. this actually was not a good day today. 3-1 declining to advancing stocks. take a look at major indices. look at the dow transports down 1.5%. 93 points. the russell 2,000 down 1.3%. and the dow doesn't move. s&p only down .5%. that's my point. other indices faired a lot worse. reason the big indices are holding up well, a lot of the defensive names in the last two weeks are strong. that happened again today. look at the last two weeks. health care and consumer staples are what's really moving the market forward. utilities as well. risk on, cyclical names, financials, industrials, materials, they're all down in the last two weeks. that's what people are looking for when you see the economy expanding. china did not have a good day. weakest -- they're at lows for the year. their p
bob pisani recapping the down day today on wall treat. i don't even know if i want to call it a down day, bob. this dow industrial won't quit. all the way back to flat by the close. >> i'll tell you why i call it a town day. the dow masked what was going on today. this actually was not a good day today. 3-1 declining to advancing stocks. take a look at major indices. look at the dow transports down 1.5%. 93 points. the russell 2,000 down 1.3%. and the dow doesn't move. s&p only down...
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Apr 9, 2013
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bob pisani, who is usually down here at the exchange, is over at world quarters. brian shactman here at the nebrasnyse, where bob is usually. >> bob, even though you're not here, what's going on with this market? >> everybody and their mother cannot stop shorting the stock market and it makes sense, it's gone nowhere but up. the s&p is up about 2%. that's a straight line. everybody knows, the federal reserve and the japanese and the europeans are backstopping the world. the federal reserve is backstopping the world. but there's also some other stuff going on. china had very low, very low inflation report this morning. that gives them room for some stimulus. did you see what happened to some of these big commodity names today? they're all flying. they've been crushed in the last few weeks. it's been these defensive names moving up. look, copper's up 2%. this is all on this china play. look at the export numbers over the weekend from china. if they're up noticeably, you could be back in play with these cyclical names again. >> it's interesting, you know, the commodi
bob pisani, who is usually down here at the exchange, is over at world quarters. brian shactman here at the nebrasnyse, where bob is usually. >> bob, even though you're not here, what's going on with this market? >> everybody and their mother cannot stop shorting the stock market and it makes sense, it's gone nowhere but up. the s&p is up about 2%. that's a straight line. everybody knows, the federal reserve and the japanese and the europeans are backstopping the world. the...
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Apr 18, 2013
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bob pisani, how are things shaping up right now? >> a very delicate moment. two days this week, 90% of the volume to the downside on heavy volume. right now we're sitting essentially at the lows of the day. dow just broke down below 100 points, as you can see, sitting there, and the volumes picked up a little bit. heavy volume, downside day, three days, not what you want to see. big marquee names have been mauled this week. but it's not just apple, look at a name like caterpillar. we're at the lowest levels since july on caterpillar. there's the three-month chart. that stock also sitting at the lows for the day. the big story today is going to be ibm. it is one of the reasons the dow is so weak is ibm is down so much. it's at the lows for the day. heavy volume, of course, we'll get earnings after the close. and this is no excuse, there's no pcs here, they got rid of that business nine years ago. what they want to hear about is how the whole i.t. business is doing ex-pc. remember, 60% of their revenues are services, 20% is software. that's going to be the big
bob pisani, how are things shaping up right now? >> a very delicate moment. two days this week, 90% of the volume to the downside on heavy volume. right now we're sitting essentially at the lows of the day. dow just broke down below 100 points, as you can see, sitting there, and the volumes picked up a little bit. heavy volume, downside day, three days, not what you want to see. big marquee names have been mauled this week. but it's not just apple, look at a name like caterpillar. we're...
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Apr 30, 2013
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bob pisani is in the middle of the action for us right now. robert? >> william, meandering a little bit on the stock market, but two big stories is. apple and pitney bose. apple bit it, $17 billion, the biggest corporate bond offering ever. roche holdings was number two, used to be number one, but there are the others involved. it's the biggest out there. what's it mean for corporate bonds? a lot more allocation out to the tech sector. bottom line for apple, up six of the last seven days. it bottomed way back, april 18th. $389, now $443. take a look at one sector or one etf that might be buying this. that's the biggest corporate bond etf out there, they'll certainly be buying into that. that is essentially sitting near an historic high. a lot of interest in etfs and in any kind of bonds right now. dividends, the other story today. pitney bowes, we're talking about postage meters, a decline market. they missed on earnings, but more importantly, they cut their dividend in half. 9% was the dividend yield, used to be the second biggest on the s&p 500. the
bob pisani is in the middle of the action for us right now. robert? >> william, meandering a little bit on the stock market, but two big stories is. apple and pitney bose. apple bit it, $17 billion, the biggest corporate bond offering ever. roche holdings was number two, used to be number one, but there are the others involved. it's the biggest out there. what's it mean for corporate bonds? a lot more allocation out to the tech sector. bottom line for apple, up six of the last seven days....
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Apr 2, 2013
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let's get to bob pisani. >> a great day for the broad indices, but not for everybody. take a look at the major indices today. what the heck tease going on with the transports? they have collapsed for the last two days. russell 2,000, the small caps, also are not doing as well. it's the big guys doing a bit better. the problem with the transports today, airlines. delta came out with lower than expected passenger traffic. remember, these stocks are up huge, 25% so far this year. these stocks all to the downside today. there's been a very defensive tone to the market. it's going on and on. health care and consumer staples, the last two weeks have been market leaders. and your cyclical names have been downside leaders. that has happened again today. hertz had an investor day, and boy, did people like what they had to say. they're raising their three-year outlook, strong global demand, pricing is firming up. the bottom line, you'll be paying a lot more to rent a car this weekend. finally, maria, did you see what happened to nasdaq today? good heavens, down 12%, almost 13%,
let's get to bob pisani. >> a great day for the broad indices, but not for everybody. take a look at the major indices today. what the heck tease going on with the transports? they have collapsed for the last two days. russell 2,000, the small caps, also are not doing as well. it's the big guys doing a bit better. the problem with the transports today, airlines. delta came out with lower than expected passenger traffic. remember, these stocks are up huge, 25% so far this year. these...